Facebook’s $725 million settlement: Users in this country can apply for their share of money – Times of India

There’s news for Facebook users in the US who used Facebook between May 2007 and December 2022. The social-media giant may owe you some money. A California judge preliminarily approved a $725 million settlement between Facebook parent Meta Platforms and users. The judge’s approval was a precursor to the final approval hearing, which will take place in September, however, users can start submitting their claims that may get a cash payment.
For those unaware, Meta is paying to settle a lawsuit alleging the world’s largest social media platform shared personal information of millions of its users with Cambridge Analytica, a firm that supported Donald Trump‘s 2016 presidential campaign.
It’s not so far clear how much money individual users will get. As per simple maths — the larger the number of users submitting valid claims, the smaller each payment will be since the money has to be divided among them. The settlement form says that the payment will vary based on how many people submit claims. Additionally, administrative costs and attorneys’ fees will be deducted from the settlement fund prior to its release.
How to submit a claim
To apply for the settlement, users can fill out a form and submit it online. There’s also an option to download the form, take a print out and mail it. The class-action form simply states that people who were Facebook users between May 24, 2007 and December 22, 2022, are eligible. It does not mention any required level of activity on the account. The deadline to submit the claim is August 25, 2023.